IBOV 176,111.45 ▼ 0.91% IPSA 11,309.36 ▲ 1.36% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,143,811 ▼ 0.40% COLCAP 2,358.74 ▲ 0.59% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.39% USD/MXN17.20▼ 0.17% USD/CLP914.05▲ 0.05% USD/COP3,149▼ 1.81% USD/PEN3.38▼ 0.29% USD/ARS1,500▲ 0.22% USD/UYU40.24▲ 1.20% USD/PYG5,919▲ 1.22% USD/BOB11.81▼ 1.32% USD/DOP58.23▼ 0.12% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.31% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.31% USD/TTD6.68▲ 0.31% EUR/BRL5.88▼ 0.85% BRENT 82.70 ▲ 4.09% WTI 77.57 ▲ 3.12% IRON ORE 161.91 — — COPPER 6.74 ▲ 0.50% GOLD 4,308 ▲ 1.46% SILVER 61.94 ▼ 0.26% SOY 1,178 ▲ 2.26% CORN 461.25 ▲ 5.61% WHEAT 630.50 ▼ 1.83% COFFEE 324.25 ▼ 0.81% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.55 ▼ 3.27% COTTON 83.29 ▲ 1.77% COCOA 5,723 ▼ 2.70% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.44 ▼ 0.30% PETR4 42.19 ▲ 0.62% VALE3 75.60 ▼ 1.38% ITUB4 42.16 ▼ 0.52% BBDC4 17.74 ▼ 1.72% ABEV3 15.67 ▼ 1.07% BBAS3 20.33 ▼ 3.42% B3SA3 15.38 ▼ 1.09% WEGE3 48.52 ▼ 0.57% PRIO3 58.74 ▼ 0.78% SUZB3 42.10 ▼ 1.73% RENT3 38.18 ▼ 2.60% AZZA3 16.13 ▲ 1.07% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.86 ▼ 0.77% PSSA3 52.54 ▼ 1.76% CVCB3 1.57 ▲ 1.29% POSI3 3.47 ▲ 0.29% SLCE3 13.35 ▼ 1.18% NATU3 8.19 ▼ 1.33% BRKM5 6.04 ▲ 2.90% RANI3 8.33 ▼ 0.72% CSNA3 4.80 ▼ 1.84% CMIN3 5.78 ▼ 2.03% USIM5 7.25 ▼ 2.82% GGBR4 25.88 ▼ 1.63% ENEV3 26.62 ▼ 1.33% CPFE3 45.70 ▼ 0.85% CMIG4 11.17 ▼ 0.71% EQTL3 38.37 ▼ 2.07% LREN3 13.53 ▼ 1.02% VIVT3 31.18 ▼ 0.10% RAIL3 13.71 ▼ 2.00% KLABIN 18.05 ▼ 3.17% RAIA DROGASIL 20.18 ▼ 1.80% RDOR3 33.95 ▼ 1.45% HAPV3 11.15 ▲ 0.36% FLRY3 17.20 ▼ 0.92% SMTO3 14.74 ▲ 3.08% UGPA3 32.76 ▲ 1.08% VBBR3 34.96 ▼ 0.37% BBSE3 41.16 ▼ 1.22% BPAC11 56.56 ▼ 0.44% CURY3 31.72 ▼ 0.97% AERI3 2.27 ▼ 1.30% VIVARA 21.83 ▼ 2.06% COMPASS 23.40 ▼ 3.39% VAMOS 3.13 ▼ 5.72% SANB11 29.51 ▲ 0.10% ASAI3 8.66 ▼ 1.93% SBSP3 27.41 ▼ 1.08% WALMEX 49.40 ▲ 1.79% GMEXICO 220.77 ▼ 0.72% FEMSA 210.21 ▼ 1.95% CEMEX 19.56 ▼ 2.00% GFNORTE 198.80 ▼ 0.07% BIMBO 60.80 ▼ 0.59% TELEVISA 9.74 ▲ 2.31% AMX 20.68 ▼ 0.53% GAP 382.36 ▲ 2.12% ASUR 278.56 ▲ 2.06% OMA 238.22 ▲ 0.90% KOF 188.29 ▲ 0.57% GRUMA 254.30 ▼ 1.08% KIMBER 40.23 ▲ 0.17% SQM-B 66,420 ▲ 3.86% COPEC 6,284 ▼ 0.06% BSANTANDER 81.62 ▲ 1.77% FALABELLA 6,438 ▲ 1.45% ENELAM 87.67 ▲ 0.71% CENCOSUD 2,062 ▲ 2.06% CMPC 1,030 ▼ 0.01% BANCO CHILE 192.39 ▲ 1.14% LATAM AIR 26.40 ▲ 0.08% YPF 7,875 ▲ 2.47% GGAL 7,480 ▼ 2.09% PAMPA 5,250 ▼ 1.13% TXAR 684.00 ▲ 0.44% ALUAR 933.00 ▼ 0.74% TGS 9,280 ▲ 0.38% CEPU 2,229 ▼ 1.50% MIRGOR 1,620 — 0.00% COME 41.10 ▼ 0.84% LOMA NEGRA 3,470 ▼ 0.79% BYMA 289.00 ▲ 0.17% TELECOM ARG 4,375 ▲ 0.92% ECOPETROL 17.33 ▲ 5.74% BANCOLOMBIA 91.28 ▲ 1.26% GRUPO AVAL 5.15 ▼ 2.83% CREDICORP 393.27 ▼ 0.41% SOUTHERN COPPER 194.69 ▼ 1.17% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,815 ▼ 5.57% NUBANK 14.14 ▼ 2.38% XP 16.87 ▼ 0.65% PAGSEGURO 9.28 ▼ 1.33% STONE 11.15 ▼ 0.22% GLOBANT 36.96 ▼ 3.70% TECNOGLASS 45.28 ▼ 5.18% GAP AIRPORT 222.24 ▲ 2.17% ASUR 278.56 ▲ 2.06% OMA AIRPORT 110.95 ▲ 1.22% AMX ADR 23.94 ▼ 0.33% FEMSA ADR 122.26 ▼ 1.70% CEMEX ADR 11.33 ▼ 1.95% PETROBRAS ADR 18.56 ▲ 1.09% VALE ADR 14.79 ▼ 1.04% ITAU ADR 8.25 ▲ 0.43% SANTANDER BR 5.84 ▲ 0.78% AMBEV ADR 3.03 — 0.00% CSN 0.96 ▼ 2.62% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.60 ▼ 0.17% BTC 64,377 ▼ 0.34% ETH 1,907 ▲ 0.01% SOL 72.58 ▼ 1.87% XRP 1.03 ▼ 2.64% BNB 590.17 ▼ 0.51% ADA 0.20 ▲ 5.92% DOGE 0.07 ▼ 1.82% AVAX 6.45 ▼ 3.05% LINK 8.23 ▲ 0.94% DOT 0.82 ▼ 2.33% LTC 45.44 ▲ 0.37% BCH 213.66 ▼ 0.31% TRX 0.33 ▼ 0.11% XLM 0.16 ▼ 2.39% HBAR 0.07 ▼ 0.80% NEAR 1.66 ▼ 2.15% ATOM 1.36 ▲ 0.68% AAVE 88.88 ▼ 0.96% SELIC 14.00% EMBRAER 91.50 ▼ 1.62% EMBRAER ADR 71.79 ▼ 1.36% JBS 13.69 ▼ 0.11% JBS BDR 69.63 ▼ 1.29% MBRF3 16.55 ▼ 1.31% MBRFY 3.22 ▲ 3.21% INTER 5.78 ▲ 1.25% IBOV 176,111.45 ▼ 0.91% IPSA 11,309.36 ▲ 1.36% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,143,811 ▼ 0.40% COLCAP 2,358.74 ▲ 0.59% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.39% USD/MXN 17.20 ▼ 0.17% USD/CLP 914.05 ▲ 0.05% USD/COP 3,149 ▼ 1.81% USD/PEN 3.38 ▼ 0.29% USD/ARS 1,500 ▲ 0.22% USD/UYU 40.24 ▲ 1.20% USD/PYG 5,919 ▲ 1.22% USD/BOB 11.81 ▼ 1.32% USD/DOP 58.23 ▼ 0.12% USD/CRC 449.80 ▲ 1.96% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.31% USD/TTD 6.68 ▲ 0.31% EUR/BRL 5.88 ▼ 0.85% BRENT 82.70 ▲ 4.09% WTI 77.57 ▲ 3.12% IRON ORE 161.91 — — COPPER 6.74 ▲ 0.50% GOLD 4,308 ▲ 1.46% SILVER 61.94 ▼ 0.26% SOY 1,178 ▲ 2.26% CORN 461.25 ▲ 5.61% WHEAT 630.50 ▼ 1.83% COFFEE 324.25 ▼ 0.81% SUGAR 15.58 ▲ 2.84% ORANGE JUICE 152.55 ▼ 3.27% COTTON 83.29 ▲ 1.77% COCOA 5,723 ▼ 2.70% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.44 ▼ 0.30% PETR4 42.19 ▲ 0.62% VALE3 75.60 ▼ 1.38% ITUB4 42.16 ▼ 0.52% BBDC4 17.74 ▼ 1.72% ABEV3 15.67 ▼ 1.07% BBAS3 20.33 ▼ 3.42% B3SA3 15.38 ▼ 1.09% WEGE3 48.52 ▼ 0.57% PRIO3 58.74 ▼ 0.78% SUZB3 42.10 ▼ 1.73% RENT3 38.18 ▼ 2.60% AZZA3 16.13 ▲ 1.07% CSAN3 3.82 ▼ 2.30% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.86 ▼ 0.77% PSSA3 52.54 ▼ 1.76% CVCB3 1.57 ▲ 1.29% POSI3 3.47 ▲ 0.29% SLCE3 13.35 ▼ 1.18% NATU3 8.19 ▼ 1.33% BRKM5 6.04 ▲ 2.90% RANI3 8.33 ▼ 0.72% CSNA3 4.80 ▼ 1.84% CMIN3 5.78 ▼ 2.03% USIM5 7.25 ▼ 2.82% GGBR4 25.88 ▼ 1.63% ENEV3 26.62 ▼ 1.33% CPFE3 45.70 ▼ 0.85% CMIG4 11.17 ▼ 0.71% EQTL3 38.37 ▼ 2.07% LREN3 13.53 ▼ 1.02% VIVT3 31.18 ▼ 0.10% RAIL3 13.71 ▼ 2.00% KLABIN 18.05 ▼ 3.17% RAIA DROGASIL 20.18 ▼ 1.80% RDOR3 33.95 ▼ 1.45% HAPV3 11.15 ▲ 0.36% FLRY3 17.20 ▼ 0.92% SMTO3 14.74 ▲ 3.08% UGPA3 32.76 ▲ 1.08% VBBR3 34.96 ▼ 0.37% BBSE3 41.16 ▼ 1.22% BPAC11 56.56 ▼ 0.44% CURY3 31.72 ▼ 0.97% AERI3 2.27 ▼ 1.30% VIVARA 21.83 ▼ 2.06% COMPASS 23.40 ▼ 3.39% VAMOS 3.13 ▼ 5.72% SANB11 29.51 ▲ 0.10% ASAI3 8.66 ▼ 1.93% SBSP3 27.41 ▼ 1.08% WALMEX 49.40 ▲ 1.79% GMEXICO 220.77 ▼ 0.72% FEMSA 210.21 ▼ 1.95% CEMEX 19.56 ▼ 2.00% GFNORTE 198.80 ▼ 0.07% BIMBO 60.80 ▼ 0.59% TELEVISA 9.74 ▲ 2.31% AMX 20.68 ▼ 0.53% GAP 382.36 ▲ 2.12% ASUR 278.56 ▲ 2.06% OMA 238.22 ▲ 0.90% KOF 188.29 ▲ 0.57% GRUMA 254.30 ▼ 1.08% KIMBER 40.23 ▲ 0.17% SQM-B 66,420 ▲ 3.86% COPEC 6,284 ▼ 0.06% BSANTANDER 81.62 ▲ 1.77% FALABELLA 6,438 ▲ 1.45% ENELAM 87.67 ▲ 0.71% CENCOSUD 2,062 ▲ 2.06% CMPC 1,030 ▼ 0.01% BANCO CHILE 192.39 ▲ 1.14% LATAM AIR 26.40 ▲ 0.08% YPF 7,875 ▲ 2.47% GGAL 7,480 ▼ 2.09% PAMPA 5,250 ▼ 1.13% TXAR 684.00 ▲ 0.44% ALUAR 933.00 ▼ 0.74% TGS 9,280 ▲ 0.38% CEPU 2,229 ▼ 1.50% MIRGOR 1,620 — 0.00% COME 41.10 ▼ 0.84% LOMA NEGRA 3,470 ▼ 0.79% BYMA 289.00 ▲ 0.17% TELECOM ARG 4,375 ▲ 0.92% ECOPETROL 17.33 ▲ 5.74% BANCOLOMBIA 91.28 ▲ 1.26% GRUPO AVAL 5.15 ▼ 2.83% CREDICORP 393.27 ▼ 0.41% SOUTHERN COPPER 194.69 ▼ 1.17% BUENAVENTURA 32.58 ▼ 1.27% MERCADOLIBRE 1,815 ▼ 5.57% NUBANK 14.14 ▼ 2.38% XP 16.87 ▼ 0.65% PAGSEGURO 9.28 ▼ 1.33% STONE 11.15 ▼ 0.22% GLOBANT 36.96 ▼ 3.70% TECNOGLASS 45.28 ▼ 5.18% GAP AIRPORT 222.24 ▲ 2.17% ASUR 278.56 ▲ 2.06% OMA AIRPORT 110.95 ▲ 1.22% AMX ADR 23.94 ▼ 0.33% FEMSA ADR 122.26 ▼ 1.70% CEMEX ADR 11.33 ▼ 1.95% PETROBRAS ADR 18.56 ▲ 1.09% VALE ADR 14.79 ▼ 1.04% ITAU ADR 8.25 ▲ 0.43% SANTANDER BR 5.84 ▲ 0.78% AMBEV ADR 3.03 — 0.00% CSN 0.96 ▼ 2.62% GERDAU 5.10 ▼ 0.78% LATAM ADR 57.60 ▼ 0.17% BTC 64,377 ▼ 0.34% ETH 1,907 ▲ 0.01% SOL 72.58 ▼ 1.87% XRP 1.03 ▼ 2.64% BNB 590.17 ▼ 0.51% ADA 0.20 ▲ 5.92% DOGE 0.07 ▼ 1.82% AVAX 6.45 ▼ 3.05% LINK 8.23 ▲ 0.94% DOT 0.82 ▼ 2.33% LTC 45.44 ▲ 0.37% BCH 213.66 ▼ 0.31% TRX 0.33 ▼ 0.11% XLM 0.16 ▼ 2.39% HBAR 0.07 ▼ 0.80% NEAR 1.66 ▼ 2.15% ATOM 1.36 ▲ 0.68% AAVE 88.88 ▼ 0.96% SELIC 14.00% EMBRAER 91.50 ▼ 1.62% EMBRAER ADR 71.79 ▼ 1.36% JBS 13.69 ▼ 0.11% JBS BDR 69.63 ▼ 1.29% MBRF3 16.55 ▼ 1.31% MBRFY 3.22 ▲ 3.21% INTER 5.78 ▲ 1.25%
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Brazil’s Government Gives in to Truckers Demands to End Strike

By · May 28, 2018 · 3 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – After eight days of chaos on Brazilian highways, closed gas stations across the country, reduced public transportation and the loss of hundreds of thousands of kilos of perishables goods, Brazil’s federal government has finally yielded to protesters demands in hopes of restoring order and the economy in the country.

Brazil, Brasilia,Brazil's President, Michel Temer, announces reduction in diesel oil prices to end truckers strike
Brazil’s President, Michel Temer, announces reduction in diesel oil prices to end truckers strike, photo by Marcelo Camargo/Agencia Brasil.
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“We have advanced in the implementation of many measures, due to the need for the standstill movement to end,” said President Michel Temer on Sunday night in a statement. “We spent this week focused on meeting the demands of the truck drivers and worried about every Brazilian who faced difficulties during these days,” he added.

Last Thursday (May 24th) it seemed an agreement was had been reached when Petrobras announced it was reducing diesel fuel prices by ten percent. But the majority of truck drivers said that was not enough demanded that the government reduce or do away with several fuel taxes. Over the weekend they remained blocking highways and disrupting the transportation of goods.

“My government has always been open to dialogue and we even signed an agreement with leaders of the movement, right at the beginning [of the movement],” said Temer before announcing additional measures.

The new agreement announced on Sunday calls for, among other measures, a reduction of R$0.46/liter in the price of diesel fuel for the next sixty days, an end of toll collection in federal, state and municipal highways for empty trucks, and the requirement that thirty percent of CONAB’s (National Supply Company) freight be made by independent truckers.

Congress is also expected to vote on the reduction and exemption of fuel taxes for truck drivers on Monday. One of the largest associations protesting, ABCAM (Brazilian Truck Drivers Association) said in an official statement that it had accepted the government’s plan and called members to leave highways and get back to work.

“Trucker friends: come back to work satisfied and proud. We managed to stop this country and be recognized by the Brazilian society and the government of this country,” said ABCAM president José da Fonseca Lopes.

Brazil, Rio de Janeiro,Protesters continued to force truck drivers to pull off to the side of the road during the past weekend as part of the nationwide protest.
Protesters continued to force truck drivers to pull off to the side of the road during the past weekend as part of the nationwide protest, photo by Tania Rego/Agencia Brasil.

“We will be remembered as those who did not give in to the refusals [to deal] of the government and the pressure of the businessmen of the sector. We have the recognition that our work is paramount for the development of this country. Come back with the sense of mission accomplished, but remembering that the fight does not end here,” added Lopes.

Even if demonstrators end their protest on Monday, analysts say it will still be another few days before gas stations receive fuel and local markets receive goods. Many cities announced over the weekend that public schools would be closed, non-emergency surgeries cancelled and events postponed at least until Tuesday or Wednesday.

A great majority of Brazilian cities are still operating with reduced public transportation and fuel is only available to essential emergency service vehicles.

Eight of the 54 airports operated by the government-run aviation agency, Infraero, are closed on Monday due to the lack of aviation kerosene.

The international airport of Brasilia, in the nation’s capital, has asked airlines to only land if they

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